South Dakota Codified Laws 58-5-119. Failure to cure deficiency, insurer deemed insolvent–Delinquency proceedings
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If the deficiency is not cured as required by § 58-5-114, the insurer shall be deemed insolvent and the director shall institute delinquency proceedings as provided in this title.
Source: SL 1966, ch 111, ch 16, § 35 (3).